BURSA ANNOUCEMENTS

VIVOCOM - Notice of Book Closure

CONSOLIDATION OF EVERY 10 ORDINARY SHARES IN VIVOCOM ("VIVOCOM SHARE(S)") INTO 1 VIVOCOM SHARE ("CONSOLIDATED SHARE(S)") ("SHARE CONSOLIDATION").
 

Kindly be advised of the following : 

1)  The above Company's securities will be traded and quoted "Ex - Consolidation” as from: 2 Nov 2020
2)  The last date of lodgment : 3 Nov 2020
 

Remarks 1:

Participating Organisations are to take note of the following Share Consolidation exercise by VIVOCOM INTL HOLDINGS BERHAD.

The Share Consolidation comprises the following:-

CONSOLIDATION OF EVERY 10 ORDINARY SHARES IN VIVOCOM ("VIVOCOM SHARE(S)") INTO 1 VIVOCOM SHARE ("CONSOLIDATED SHARE(S)") ("SHARE CONSOLIDATION").

In relation to the Share Consolidation undertaken by VIVOCOM as a SPEEDS Corporate Exercise, Bursa Malaysia Securities Berhad would like to highlight that:

(a) on or after the Ex-date on 2 November 2020, trading of VIVOCOM shares will be based on the newly adjusted shares after the Share Consolidation of VIVOCOM shares,

(b) on the basis of settlement taking place after 3 November 2020 with consolidated VIVOCOM shares, any entitled shareholder who owns VIVOCOM shares as at Ex-date may sell only up to the maximum VIVOCOM shares he expects to receive after the Share Consolidation, i.e. the reduced amount, on or after the Ex-date 2 November 2020.

With the adjustments pursuant to the Share Consolidation effected on VIVOCOM shareholders’ CDS account at the end of the Entitlement Date (“Books Closure Date”), an entitled VIVOCOM shareholder may use the following basis to estimate the maximum number of VIVOCOM shares that he may sell from the Ex-date until the Book Closing Date which is from 2 November 2020 until 3 November 2020.

Number of VIVOCOM  shares that may be sold                     =  Number of shares held / 10

from 2 November 2020 until 3 November 2020                     (All fractional shares computed should be disregarded)

Illustration:

For example, if Mr X owns or purchases 1000 VIVOCOM shares on cum basis on 30 October 2020, his CDS account would still show 1000 VIVOCOM shares until 3 November 2020. However, as a results of the above Share Consolidation exercise, Mr X’s 1000 VIVOCOM shares in his CDS account will be adjusted to 100 VIVOCOM shares on the night of 3 November 2020 which is the Book Closing Date. Therefore, Mr X may, if he so wishes, sells only up to 100 VIVOCOM shares on or after the Ex-date i.e. from 2 November 2020 onwards.

Participating Organisations are hereby requested to caution all dealers and remisiers that, during the period from 2 November 2020 until 3 November 2020, they are only entitled to sell the maximum of 1/10 of the shares owned before the Ex-date. Participants Organisations are reminded that it is important to caution all dealers and remisiers on the above to prevent the dealers and remisiers from overselling of their client’s position.

Remarks 2:
The actual number of Consolidated Shares to be consolidated would depend on the issued share capital of Vivocom on the Entitlement Date. The fractional entitlements arising from the Share Consolidation, if any, shall be disregarded and dealt with by the Board of Directors of the Company in such manner at its absolute discretion as it may deem fit or expedient and in the best interest of the Company.

The date of the listing of and quotation for the Consolidated Shares on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") shall be on 04 November 2020, being the next market date immediately after the Entitlement Date.

The notices of allotment of the Consolidated Shares will be issued and despatched to all the entitled shareholders of Vivocom within 4 market days after the listing date of the Consolidated Shares on the ACE Market of Bursa Securities.